JAPAN IR APPLICATION PROCESS TO BE POSTPONED
According to local media, Japanese authorities will announce the extension of the application period for IR bids. The Japanese government is likely to put back the application period for integrated resort bids by up to a year. Local media reports…
MACAU COULD RETURN TO PRE-PANDEMIC LEVELS IN 2022
According to JP Morgan analysts, Macau’s gaming industry will not see a complete recovery until 2022. Macau.- JP Morgan Securities analysts have forecast that Macau gaming revenue will not make a complete recovery to pre-pandemic levels until 2022. According to…
COVID-19 WON’T DELAY MACAU’S 2022 GAMING TENDER
The Secretary for Economy and Finance has confirmed the process will go ahead on schedule. The Secretary for Economy and Finance, Lei Wai Nong, said on Thursday that Macau has no plans to delay its public tender for gaming concessions…
THAILAND STEPS UP ACTION AGAINST ONLINE GAMBLING
Thailand has threatened legal action against internet service providers and cellphone operators if they fail to take action to block gambling websites. Government spokesman Anucha Burapachaisri confirmed on Sunday that Prime Minister Prayut Chan-o-cha has instructed the authorities including the…
PHILIPPINE ONLINE GAMBLING REGULATORY FEE COLLECTIONS FALL 80%
By Steven Stradbrooke Philippines-based online gambling operators may not be fleeing the country in droves but the government’s online golden goose appears to have flown the coop, possibly for good. On Thursday, a Philippine presidential spokesman Harry Roque tried to downplay the Finance…
MACAU GRAND PRIX TO PROCEED IN 2020 BUT NO FORMULA 3
The Macau Grand Prix is set to look very different in 2020 with the main Formula 3 race cancelled and drivers in remaining races sourced predominantly from Asia. The Macau Grand Prix Organizing Committee announced at a press conference on…
JAPANESE POLICE RAID ORGANIZED CRIME LOCATIONS ON SUSPICION OF RECEIVING MONEY FROM ILLEGAL CASINO
by Shintaro Kamimura The Saitama prefectural police has revealed that it searched locations related to a man, who had been arrested last month for organized criminal activity, on 10 September under allegations that he had received protection money from an illegal…
SPORTS DRIVES FIRST 2020 GAIN IN CHINA LOTTERY
China’s two lotteries put in an impressive performance in July, marking their first month of year-on-year growth of 2020. In total lottery sales were up 10.4 percent to CNY36.15 billion ($5.28 billion), driven mainly by a 17.1 percent surge in…
POKERSTARS WITHDRAWS FROM CHINA, MACAU AND TAIWAN
The world’s largest online poker site, PokerStars, appears to be pulling out of China, Macau and Taiwan as it looks to focus on regulated markets following the recent merger of parent company The Stars Group with UK betting giant Flutter…
PAGCOR IN THE RED AS FIRST-HALF GAMBLING ACTION GRINDS TO A HALT
By Erik Gibbs The first half of 2020 has not been kind to the gaming industry. COVID-19 has attempted to maintain control over gambling and, for the most part, has done a good job, unfortunately. Many gaming operators across the globe…